Mergers and Acquisitions

Bayer sells units to be able to complete Monsanto takeover

German pharmaceutical giant Bayer AG has reached a 5.9 billion euro ($7 billion) deal to sell parts of its Crop Science unit to German chemical company BASF to alleviate regulatory concerns over its planned takeover of U.S. seed and weed-killer company Monsanto Co. Monsanto last year accepted an offer from Bayer to pay $57 billion to its shareholders and assume $9 billion in debt.